Moody Lynn & Lieberson LLC Acquires New Holdings in KKR & Co. Inc. (NYSE:KKR)

Moody Lynn & Lieberson LLC acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,571 shares of the asset manager’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Massachusetts Financial Services Co. MA raised its stake in shares of KKR & Co. Inc. by 6.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock valued at $1,755,838,000 after purchasing an additional 996,871 shares in the last quarter. Capital World Investors raised its stake in shares of KKR & Co. Inc. by 7.4% during the first quarter. Capital World Investors now owns 16,644,897 shares of the asset manager’s stock valued at $1,674,144,000 after purchasing an additional 1,139,784 shares in the last quarter. Legal & General Group Plc raised its stake in shares of KKR & Co. Inc. by 5.7% during the second quarter. Legal & General Group Plc now owns 5,968,684 shares of the asset manager’s stock valued at $628,147,000 after purchasing an additional 323,189 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of KKR & Co. Inc. by 64.7% during the second quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock valued at $424,835,000 after purchasing an additional 1,585,447 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. raised its stake in shares of KKR & Co. Inc. by 3.7% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 3,614,991 shares of the asset manager’s stock valued at $380,442,000 after purchasing an additional 127,726 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KKR has been the topic of several research reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $144.00 price target (up from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday. Evercore ISI boosted their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. HSBC initiated coverage on shares of KKR & Co. Inc. in a research report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price target on the stock. Finally, Citigroup boosted their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $151.29.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the sale, the insider now owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the purchase, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Down 2.4 %

NYSE:KKR opened at $139.88 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a fifty-two week low of $53.72 and a fifty-two week high of $147.15. The stock’s 50-day moving average is $128.49 and its two-hundred day moving average is $114.00. The stock has a market cap of $124.14 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 1.20 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the business posted $0.58 EPS. As a group, equities research analysts forecast that KKR & Co. Inc. will post 3.97 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.70 annualized dividend and a yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 16.51%.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.